Despite heavy outflows, CEXs continue to be pillars of liquidity

Despite heavy outflows, CEXs continue to be pillars of liquidity

Centralized exchanges are the primary gateways for traders to buy and sell crypto. Despite the significant rise in popularity and usage of decentralized exchanges (DEXs) in the past year, CEXs still facilitate most crypto trades. As such, they provide the foundational infrastructure for market liquidity and price discovery. Understanding their …

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First Mover Americas: El Salvador Holds More BTC Than Expected

First Mover Americas: El Salvador Holds More BTC Than Expected

Bitcoin-forward Central American nation El Salvador this week moved $400 million of bitcoin (BTC) – “a big chunk” – into a cold wallet, President Nayib Bukele said in a post on X (formerly Twitter). Bukele referred to the new setup as “our first #Bitcoin piggy bank.” El Salvador stored the …

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First Mover Americas: Ether Approaches $4K

First Mover Americas: Ether Approaches K

The latest price moves in bitcoin (BTC) and crypto markets in context for March 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source link

First Mover Americas: AI Tokens Reclaim the Spotlight

First Mover Americas: AI Tokens Reclaim the Spotlight

Artificial Intelligence (AI)-related tokens took the lead Thursday, with Fetch.ai (FET) rallying 35% in 24 hours, followed by SinglarityNET (AGIX), which jumped 30%. According to Miles Deutscher, a crypto analyst, AI-related tokens are pumping as the global AI Nvidia conference for developers and engineers approaches on March 18. Deutscher tweeted …

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